Advanced Risk Mathematics
Loss distributions, aggregate claims and ruin theory for general insurance.
Advanced Actuarial Mathematics
Life contingencies, multiple-state models and the valuation of insurance and annuity contracts.
Advanced 6 topics 12 months access Online reader
About this course
The mathematical core of life insurance and pensions. Starting from survival models, the course builds up to pricing and reserving for life insurance and annuity products, then extends to multiple lives, multiple decrements and multiple-state models used for disability and critical-illness cover.
What you will learn
- Build and interpret survival models and life tables
- Value life insurance and annuity benefits using actuarial present values
- Calculate premiums and policy reserves, including Thiele's differential equation
- Apply multiple-state and multiple-decrement models to real products
Course topics
- Survival models and the force of mortality
- Life tables and selection
- Life insurance and annuity benefits
- Premium calculation principles
- Policy values and reserves
- Multiple lives, multiple decrements and multiple-state models
Who this course is for
- Actuarial science students in their later undergraduate or postgraduate years
- Candidates preparing for professional life-contingencies examinations
- Analysts in life insurance and pensions who want a rigorous foundation
Before you start
Probability, calculus and the theory of interest (financial mathematics).
How access works
After payment, the course materials appear in My Learning. They open in a secure online reader on your phone, tablet or computer for 12 months. Materials are view-only and cannot be downloaded. Buying again extends your access from the current end date.
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